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03

Reactions to Canada’s Latest Round of Tougher Mortgage Rules

By Tony Seruga

Canada is taking another crack at curbing risks from a housing boom, enacting measures that will ripple from young families struggling to buy their first home in Vancouver to executives at the nation’s largest banks, which may have to start bearing more risk of losses on loans.

Finance Minister Bill Morneau also plans to remove a tax break that foreign homebuyers claimed when they later sold the property, and to increase mortgage insurance eligibility requirements even for borrowers with large down payments…

Reactions to Canada’s Latest Round of Tougher Mortgage Rules

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